Chemical Industry Updates

  The global Spandex Market is estimated to be valued at US$ 10.13 Bn in 2023 and is expected to exhibit a CAGR of 9.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview : Spandex , also known as elastane, is a synthetic fiber known for its exceptional elasticity and strength. It can be stretched up to 500% its original length, making it ideal for fabrics that require flexibility, comfort and shape retention like yoga apparel, sportswear, intimate wear and medical garments. The comfort, breathability and performance benefits offered by spandex enriched fabrics have increased its usage in the apparel industry. Market key trends: Rising popularity of yoga and fitness activities has emerged as a key trend fueling the demand for yoga and sports apparel incorporating spandex. According to a survey, over 36.7 million people practice yoga in the United States alone as of 2019. The comfort, flexibility and shape retenti

  The global spandex market is a dynamic and growing industry that plays a crucial role in various sectors, from fashion and sportswear to medical and automotive applications. Spandex, also known as elastane or Lycra, is a synthetic fiber that has revolutionized the textile and apparel industry due to its exceptional stretch and recovery properties. In this article, we will explore the spandex market, its key drivers, challenges, and future prospects. Market Overview Spandex market  is a versatile material known for its exceptional elasticity, comfort, and durability. It is commonly used in the fashion industry to make stretchy and form-fitting clothing, such as leggings, swimwear, and undergarments. Beyond fashion, spandex is also used in the production of sportswear, compression garments, medical textiles, and even in the automotive industry for seat covers and upholstery. The global spandex market has witnessed significant growth over the past few decades. The key factors driving th